Big Data and Litigation

Attorneys are increasingly using predictive analytics to assess their client’s legal exposure, and improve their chances of success by analyzing data from trial court records. The power of legal analytics also extends throughout the litigation process. Legal departments can use legal analytics to probe state trial court records in order to aggregate statistically significant answers to questions about the estimated length of a case, its probable cost, and likelihood of success. These insights, which can be gleaned from portals that provide verdict data and judicial analytics, help in-house counsel get a feel for the types of motions and the kinds of resources needed to resolve a particular kind of action. In-house counsel can then collaborate with the demands of their company’s financial departments, monitoring the spending of external law firms to ensure that budgets are used efficiently and effectively.